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3.NPER Function Excel Template 1

Ms. ABC took out a loan of Rs. 1,000,000 at an 8% annual interest rate. She pays Rs. 10,000 monthly as the EMI. She wants to know how many months it will take to pay back the loan. The NPER function in Excel can calculate this. It provides the number of periods (months or years) based on the present value (loan amount), interest rate, payment amount, and type (whether payments are made at the start or end of period).

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110 views9 pages

3.NPER Function Excel Template 1

Ms. ABC took out a loan of Rs. 1,000,000 at an 8% annual interest rate. She pays Rs. 10,000 monthly as the EMI. She wants to know how many months it will take to pay back the loan. The NPER function in Excel can calculate this. It provides the number of periods (months or years) based on the present value (loan amount), interest rate, payment amount, and type (whether payments are made at the start or end of period).

Uploaded by

w_fib
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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NPER Function Excel Template

Visit: www.educba.com

Email: [email protected]
Loan Amount(PV) 1000000
Interest Rate(Yearly) 8%
NPER (Years) 13.8
Monthly Payment -10000 Ms ABC took a loan of Rs.1000000 at an interest rate of
NPER (Months) 165.3 monthly EMI amount of Rs.10000. She wants to find out
her loan?

https://www.educba.com/nper-function-in-excel/ Loan = PV(present value).


8%=i
Pmt= 10000
m=12
Loan Amount(PV) 1000000 total number of periods=Nper=how long the payme
Interest Rate(Yearly) 8%
NPER (Years) 13.78 nper
Monthly Payment -10000 pv/fv 1000000
NPER (Months) 165.34 i 8%
pmt 10000
.1000000 at an interest rate of 8% per annum(per year). She can pay a
Rs.10000. She wants to find out the number of months to pay back

e).

s=Nper=how long the payment should be made?


Loan Amount (PV) 1000000
Interest Rate (Yearly) 8%
Type 1
Monthly Payment -10000 In the same above example, we will use Type to get periods in m
NPER (Years) 13.6133547239314 and year, respectively.
NPER (Months) 163.360256687177
There is a difference observed in the value calculated for NPER (
or NPER (Years) based on the Type.
If Type is set to 0 or omitted, payments are due at the end of the
165.34054113031 If Type is set to 1, payments are due at the start of the period.

Exam
ple 
use Type to get periods in month

e value calculated for NPER (Months)


ents are due at the end of the period.
e at the start of the period.
Annual Interest Rate 15%
Payment Per Period -15000
FV 20000000
Ms ABC is doing financial planning for her retirement. She plans
PV 0 investing Rs.45000 after each three month at a fixed rate of inte
Type 0 periods that she needs to make an amount of Rs.2,00,00,000?
Periods (In Months) 231.16723701935
Periods (In Years) 8.9 p.a.= per annum=year
106.80
for her retirement. She plans to make an amount of Rs.2,00,00,000 by
e month at a fixed rate of interest of 15% p.a. Calculate the number of
amount of Rs.2,00,00,000?
Annual Interest Rate 15%
Payment Per Period -15000
FV 20000000
PV 0
Type 1 Taking the above example, we will use Type 1 to get
Periods (In Months)
Things to Remember About NPER Function in Exce
Periods (In Years) As per the cash flow convention, outgoing payment
as positive.
The currency, by default, is the dollar ($). This can b
Fv and Type are optional.
Payment and rate are adjusted with regards to a pe
annually, etc.
Annual Interest Rate 15% Always use the “=” sign for writing the formula in th
Payment Per Period -15000
FV 20000000
PV 0
Type 1
Periods (In Months) 230.224173694
Periods (In Years) 19.2
ple, we will use Type 1 to get periods in month and year, respectively.

bout NPER Function in Excel


nvention, outgoing payments are marked as negative and incoming cash flows

t, is the dollar ($). This can be changed as per the following –


al.
djusted with regards to a period such as monthly, quarterly, half-yearly,

for writing the formula in the active cell.

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